BP recently announced plans to raise its dividend by 14 percent up to 8.0 cents per share for the fourth quarter of 2011, making it the first rise since the company resumed paying out dividends about a year ago. TheRead More
BP Sues Halliburton Seeking $42 Billion To Cover Oil Spill Costs
In a recent federal court filing, BP demanded that contractor Halliburton pay for all of the costs incurred as a result of the Deepwater Horizon explosion and subsequent oil spill. BP last estimated the tab at approximately $42 billion. BPRead More
Deepwater Horizon Oil Spill: Cameron Seeks To Delay Feb. 27 Trial
Cameron International Corporation, the company responsible for manufacturing the blowout preventer (BOP) used on BP’s Macondo oil well, urged a federal appeals court on Tuesday to delay the February 27 trial date issued by U.S. District Judge Carl Barbier. CameronRead More
BP Accuses Halliburton of Destroying Deepwater Horizon Evidence
In a recent court filing, BP asked a federal judge to sanction Halliburton for allegedly destroying evidence of shoddy cement work done on the Macondo well that blew out on April 20, 2010. With trial expected to begin in lateRead More
Gulfport, Mississippi Seeking $12 Million From BP Oil Spill Fund
The city of Gulfport, Mississippi filed a $12 million claim against BP today seeking compensation for damages suffered as a result of the 2010 Deepwater Horizon oil spill. City officials allege that BP is dragging its feet in paying claims.Read More
BP Set To Resume Drilling Operations In The Gulf
The U.S. Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) recently approved BP’s drilling plan for the Kaskida development, clearing the way for the company’s imminent return to the Gulf of Mexico. This decision comes just 18 months afterRead More
BP and Transocean Seek Introduction of U.S. Government’s Role into Deepwater Horizon Oil Spill Litigation
It appears BP and Transocean have finally found something that they agree on. BP, the operator of the Deepwater Horizon oil rig that exploded on April 20, 2010, and Transocean, the owner, have both responded in opposition to a plaintiffRead More
“Oil Mats” From Deepwater Horizon Spill Still Threatening Gulf of Mexico
While Alabama beaches and coastal waters appear to be clean more than a year after the nation’s worst ever oil spill, researchers warn that thick slabs of oily tar lurk unseen just feet from the sand. According to a recently-releasedRead More
